Kioxia predicts that the demand for flash memory will increase 2.7 times in the next five years

Kioxia expects demand for flash memory to grow about 2.7 times over the next five years, driven by artificial intelligence. The chipmaker, backed by Bain Capital, is preparing for a major capacity expansion at its new plant in Kitakami, Iwate Prefecture, northern Japan. Although Kioxia had planned to start production last year, it has pushed it back to autumn 2025.